Kingston Company purchased a piece of equipment on January 1, 2015. The equipment cost $200,000 and had an estimated life

Kingston Company purchased a piece of equipment on January 1, 2015. The equipment cost $200,000 and had an estimated life of 8 years and a salvage value of $25,000. What was the depreciation expense for the asset for 2016 under the double-declining-balance method


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